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Temu requires its sellers to offer their products at prices lower than those found on AliExpress. [37] When multiple sellers offer the same product, Temu authorizes only the one with the lowest price. [37] Items not meeting Temu's minimum sales requirements (30 pieces and $90 in 14 days) are removed from the platform. [37]
Temu means “Team Up, Price Down,” which represents the company’s mission to use economies of scale to lower costs for its users. The name is pronounced “tee-moo” with an emphasis on the ...
While Temu has more than 11m monthly users, the products’ prices begs the question of how similar it could be to Shein, an online fast-fashion brand for women known for its cheap prices.
New shopping app Temu has seen 10.8 million installations since its launch in September, making it the most downloaded mobile app across all categories between November 1st and December 14th ...
He said Temu had opened the door to overseas e-commerce for him and a “huge number” of other Chinese sellers by taking care of everything once their items arrive at a company warehouse in China.
NEW YORK (Reuters) -Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn't ...